3,272 Shares in Shell plc (NYSE:SHEL) Purchased by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. purchased a new position in shares of Shell plc (NYSE:SHEL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,272 shares of the energy company’s stock, valued at approximately $215,000.

A number of other hedge funds have also bought and sold shares of the business. FMR LLC increased its position in Shell by 29.1% during the third quarter. FMR LLC now owns 29,087,703 shares of the energy company’s stock worth $1,872,666,000 after acquiring an additional 6,554,340 shares during the period. Fisher Asset Management LLC increased its holdings in Shell by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 22,871,131 shares of the energy company’s stock valued at $1,504,920,000 after buying an additional 477,432 shares during the period. Morgan Stanley increased its holdings in Shell by 4.3% in the 3rd quarter. Morgan Stanley now owns 9,356,191 shares of the energy company’s stock valued at $602,352,000 after buying an additional 384,967 shares during the period. Wellington Management Group LLP increased its holdings in Shell by 10.7% in the 3rd quarter. Wellington Management Group LLP now owns 8,742,878 shares of the energy company’s stock valued at $562,866,000 after buying an additional 848,104 shares during the period. Finally, Pzena Investment Management LLC increased its holdings in Shell by 1.6% in the 3rd quarter. Pzena Investment Management LLC now owns 3,939,739 shares of the energy company’s stock valued at $253,640,000 after buying an additional 61,583 shares during the period. 28.60% of the stock is owned by institutional investors.

Shell Trading Up 0.3 %

Shares of NYSE SHEL traded up $0.19 during midday trading on Tuesday, reaching $72.98. The stock had a trading volume of 3,254,690 shares, compared to its average volume of 4,691,007. The firm has a market cap of $234.81 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 1.70 and a beta of 0.59. Shell plc has a twelve month low of $55.78 and a twelve month high of $73.94. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.14 and a current ratio of 1.42. The company’s 50 day moving average price is $68.81 and its 200 day moving average price is $66.09.

Shell Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 17th will be given a dividend of $0.688 per share. This represents a $2.75 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Thursday, May 16th. This is an increase from Shell’s previous quarterly dividend of $0.66. Shell’s payout ratio is presently 50.74%.

Analyst Upgrades and Downgrades

Several research firms have commented on SHEL. Wells Fargo & Company raised their target price on shares of Shell from $88.00 to $91.00 and gave the company an “overweight” rating in a report on Friday. TD Securities lifted their price target on shares of Shell from $74.00 to $81.00 and gave the company a “buy” rating in a report on Friday. Finally, TheStreet upgraded shares of Shell from a “c” rating to a “b-” rating in a research report on Monday, January 29th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.50.

Shell Company Profile

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.